Economic News

Personal, Corporate Debt Threats Are Real: How Scared Should We Be?

Personal, Corporate Debt Threats Are Real: How Scared Should We Be?

The 800-pound creature lurking in the marketplace room can be labelled with a two-word phrase, a descriptor not boisterously voiced in contemporary discussions about both current and projected states of the U.S. economy. Tellingly, this creature (of one’s choosing) receives token business reportage. As the equities markets’ party caravan rolls on, the Wall Street Bulls seem not likely (at least […]

Ron Paul: US on Collision-Course With Recession

Ron Paul: US on Collision-Course With Recession

Former Republican congressman and two-time GOP presidential candidate Ron Paul warns that the U.S. is barreling towards a recession of titanic proportions. “I think it’s coming, I’m not saying that in six months ‘I know it’s going to happen,’’ belongs to the Libertarian Party, a faction that emphasizes constrained government spending. He sees federal spending and monetary policy as dual […]

Wilbur Ross Predicts Steel Workers to Get Pay Raises

Wilbur Ross Predicts Steel Workers to Get Pay Raises

U.S. Commerce Secretary Wilbur Ross said on Friday that wage increases are a likely outcome of the current contract talks between U.S. steel companies and the United Steelworkers union, and said that they would be a bellwether for the broader U.S. labor market. "In many ways the current negotiations between the steel companies and the USWA (United Steelworkers) probably will […]

Kudlow: Trump May Meet Xi at G-20 Summit to Discuss Trade

Kudlow: Trump May Meet Xi at G-20 Summit to Discuss Trade

President Donald Trump may hold talks with his Chinese counterpart Xi Jinping at a meeting of the Group of 20 nations at the end of next month to resolve the escalating trade dispute, a senior White House adviser said. “Better to talk than not talk, but the talks have to be serious,” G-20 leaders will meet in Buenos Aires from […]

All Stock Investors‘ Nightmares Start in Bond Market

All Stock Investors‘ Nightmares Start in Bond Market

If there’s one thing the prophets agree on, it’s that the end will come in the bond market. Even for stocks. Prophesies of doom are everywhere. There’s billionaire investor Stan Druckenmiller, who says our “massive debt problem” will ignite a crisis. Oaktree Capital’s Howard Marks warns that public and private debt will be “ground zero when things next go wrong.” […]

As Midterms Loom, Experts Warn Against Linking Economy to Presidents

As Midterms Loom, Experts Warn Against Linking Economy to Presidents

Control of Congress hangs in the balance in hard-fought midterm elections next month. And, even with a booming economy, the party in power does not have the wind at its back. The lowest unemployment level in nearly 50 years has also not substantially lifted President Donald Trump's standing in opinion polls, and he remains among the least popular U.S. leaders […]

UPS Union Rejects Labor Contract, Raising Risk of Strike

UPS Union Rejects Labor Contract, Raising Risk of Strike

United Parcel Service Inc.’s union ratified a five-year labor agreement for employees — even though a majority of members who voted turned it down. The 54 percent “no” vote wasn’t enough to block the deal under union rules since less than half the membership turned out to cast ballots, the International Brotherhood of Teamsters said in an emailed statement. With […]